$4,620

Avg. Federal Grant

$6,189

Avg. Federal Loan

$21,169,524

Total Aid Awarded

Evangel University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$21.170M

Financial Aid Official Website

www.evangel.edu/financial/tuition-and-cost/

It is interesting to note that almost every student at EU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $13,128,003. More information regarding the financial assistance schemes can be accessed on EU’s official financial aid page at http://www.evangel.edu/financial/tuition-and-cost/. Notably, a total of 42% of the applicants to Evangel University receive the Federal Grant every year. In comparison, 95% of the students are awarded the Student Grant, 88% get the Institution Grant, and 41% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,519. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $16,871 per year. The average aid amount stands at $15,820 for an annual family income between $30,001 and $48,000. This amount comes to $14,066 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,479. And, for those with a family income of more than $110,000, the amount stands at $11,712. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At EU, an estimated number of 96% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

N/A

Institution Grant Aid

90%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,620

State Grant Aid

$4,000

Institution Grant Aid

$12,864

Pell Grant

$4,321

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,826

$30,001 - $48,000

$16,787

$48,001 - $75,000

$13,870

$75,001 - $110,000

$12,959

Over $110,000

$11,100

Student Loans for Evangel University

Average Loan Amount Average Loan Amount received per year.

$6,929/Year

Students Taking Out Loans

97%

Loan Default Rate

4.6%

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